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To: Lizzie Tudor who wrote (189384)3/8/2009 1:53:27 PM
From: Think4YourselfRespond to of 306849
 
As a general rule I don't listen to economists because they always seem to be wrong. They aren't even 50-50. They seem to ALWAYS be wrong. Tell me someone's an economist and I'll tune them right out unless they seem to have a strong grip on reality (Roubini is an economist?)

I may be wrong about Reich and he might be a great guy. The few comments I did hear from his speech sounded extremely racist. Maybe he was just nervous and fumbling for his thoughts but his choice of words were way out of line. Given that I may well be the most politically incorrect person on the planet (blunt and honest), it's really saying something that I noticed that.



To: Lizzie Tudor who wrote (189384)3/8/2009 2:25:12 PM
From: Jim McMannisRead Replies (3) | Respond to of 306849
 
RE:"He was always a voice for the little guy"

In part, because he IS a little guy.



To: Lizzie Tudor who wrote (189384)3/9/2009 1:09:02 AM
From: Skeeter BugRespond to of 306849
 
>>he acted like the super rich were basically all descendants of the DuPonts.<<

it is true that the single biggest factor in being super rich is picking your parents well.

try being bill gates when you are born to an impoverished honduran family instead of a two attorney wealthy family in seattle.

in addition, this latest wall street debacle makes it plain that a significant amount of the super rich get that way perpetrating frauds.

this whole mortgage securities mess was one big from the top to the bottom.

even so, it seems that average americans will spend an inordinate amount of time protecting the super rich (can't they fend for themselves - they literally own government!).

i don't get it.

the super rich (top 1%) used to get less than 30% of rents, dividends, etc. in the 70s and now they get over 70%, yet we still defend them as having some kind of innate talent.

look at what the million dollar a year morons did last year - they took down the entire world's economy with their "talent."

as one person put it, we'd all be a lot better off if we paid billions to keep these people from coming to work.

i'm not hating on the rich, either. i support some very rich people and do so gladly - b/c they actually add value to humanity in general. this isn't meant for them.

look at GMs super rich CEO - he's just a sales hack saying anything to get public money to bail him out. a "bridge loan" was the term used as they all projected sales getting better in 2009 (that's what they knew congress wanted to hear to get their greedy little immoral hands on those billions).

anyway, let them protect themselves.

pssssssst- they care about the peasants (you and i) like madoff cares about his investors or that dow 36000 idiot cares about people who lost millions b/c they believed his drivel.

no poor folks gutted this nation's productive capacity like the super rich did. i guess we can't produce our way out of this coming depression...